Magazine article Black Enterprise

Surviving a Corporate Marriage: Charting Your Course with a New Script. (Up the Ladder)

Magazine article Black Enterprise

Surviving a Corporate Marriage: Charting Your Course with a New Script. (Up the Ladder)

Article excerpt

Yaw Asare Aboagye, a 32-year-old former manager, now co-founder of www.conscioushiphop.com, says that before the recently merged company, marchFIRST, filed chapter 7 and 11 bankruptcy this past April and his job was cut, he wished he'd been more diligent about sending out resumes, and knowing that salaries and job openings in his field were declining rapidly. Even his attitude needed readjusting: "I ran all of the servers and knew everything" says Aboagye, "I thought, `who would they hire to replace me?'" Plus, he was enjoying an $18,000 raise, earned for his role in merging the company's New York region.

Aboagye had survived several mergers--USWeb/CKS bought Mitchell Madison Group in 1999, then joined with Whitman-Hart in 2000 to form the Internet consulting firm marchFIBST--but he had never considered strategies outside of being an indispensable employee.

Unfortunately, more and more companies are considering mergers and acquisitions as one strategy to cut costs. Cutting costs, however, can mean reassigning employees or announcing layoffs. Before the dust settles at your company, consider how to reposition yourself for advancement.

"The opportunities may depend on which company is on the buying end," says Mitchell Lee Marks, Ph.D., an organization development consultant and president of www.joiningforces.org. He advises being proactive:

* Get a sense of the big picture. Gather information about the buying company. Does it have a history of mergers? …

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